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2021-12-31-accounts

Page
Registered Social Housing Provider Information
Trustees Report
Report ofthe Independent Auditors
Statement ofComprehensive Income
Balance Sheet
Statement ofChanges
in Reserves		 10
Statement ofCash Flows
Notes to the Financial Statements 12
AYLOTT JANES A AYLOTT JANES A LMSHOUSES LMSHOUSES LMSHOUSES
REGISTERED SOCIAL HOUSING PROVIDER INFORMATION
for the Year Ended 31December 2021
STATUS: Unincorporated charity registered 15January 1963
Charity Registered Number 200230
Regulator ofSocial Housing Number A0211
TRUSTEES
CHAIRMAN: Councillor D Agbley
OTHER TRUSTEES: C Tollervey
P Banks-Smith
KA Cowan
Father RBrown
Councillor JYoung
Councillor JHussain
Councillor D Franks
Councillor FBegum
CLERK TO THE TRUSTEES: Duncan Welch &Co
REGISTERED OFFICE: Peterson House
2a Tennyson
Road
Luton
8edfordshire
LU1 3RT
AUDITORS: Miller &Co
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE
BANKERS: Metro Bank
10 - 20 Castle Street
Luton
Bedfordshire
LU1 3AJ
NatWest Bank Plc
31 George Street
Luton
Bedfordshire
LU1 2YN
INVESTMENT MANAGERS: JM Finn &Co
4 Coleman Street
London
EC2R 5TA

2021 2020
Note
Turnover 139,943 143,541
Operating expenditure (137,423) (7~57,246
Operating (deficit)/surplus 2,520 (13,705)
Income from fixed asset investments 20,678 22,573
Movements in fair value of
financial
instruments		 78,714 (22,693)
Total comprehensive
income for the year		 101,912 ~73,825

2021 2020
Notes
FIXEDASSETS:
Freehold Housing
Properties		 763,310 774,285
Investments 808,542 695,661
1,571,852 1,469,946
CURRENT ASSETS:
Debtors 8,549 10,717
Cash at bank and in hand 85,407 84,943
93,956 95,660
CREDITORS: Amounts falling
due within one year 12,135 11,247
NET CURRENT ASSETS 81,821 84,413
CREDITORS:
Amounts		 falling
due after more than one year 165,027 167,625
TOTAL NET ASSETS 61,488,646 f.1,386,734
RESERVES:
Restricted
funds:
Endowment
reserve		 12 646,331 573,377
Restricted reserve 12 169098 129,171
815,429 702,548
Unrestricted
funds:
Income and expenditure reserve 673,217 684,186
f1,488,646 61,386,734

Income and
expenditure Restricted Endowment
reserve reserve reserve Total
At 1 January 2020 705,285 122,511 572,763 1,400,559
Surplus
/ (deficit) for		 the year 8,868 (13,665) (9,028) (13,825)
Total comprehensive income 714,153 108,846 563,735 1,386,734
Transfers between
funds		 (29,967) 20,325 9,642
At 31December 2020 and 1 January 2021 684,186 129,171 573,377 1,386,734
Surplus
/ deficit) for		 the year 23,198 13,680 65,034 101,912
Total comprehensive income 707,384 142,851 638,411 1,488,646
Transfers between
funds		 (34,167) 26,247 7,920
At 31December 2021 673,217 169,098 646,331 1,488,646

Note 2021 2020
Net cash flow from operating activities 15 13,953 ~3,551)
Net cash flow from investing activities
Dividends received 20,678 22,573
Payments to acquire investments (34,167) ~29,989
Net cash flow from investing (13,489) 7,416
Net (decrease) / increase in cash and cash equivalents 464 (10,967)
Cash and cash equivalents at beginning ofthe year 84,970 95,937
Cash and cash equivalents at end ofthe year 85,434 84,970
Cash and cash equivalents consist of
Cash at bank and on hand 85,407 84,943
Cash on deposit with brokers 27 27
Cash and cash equivalents at end ofthe year 85,434 84,970

HOUSING LETTING S
2021 2020
Turnover
Contributions
receivable		 net ofidentifiable service charges and voids 130,719 134,299
Service charge income 6,626 6,644
Amortised
government		 grants 2,598 2,598
Turnover
from social housing		 lettings 139,943 143,541
Administrative
expenditure		 (note 17)
Management
costs		 33,634 34,826
Service charge costs 25,790 25,876
Repairs and maintenance 67,024 85,169
Gifts to tenants 400
Depreciation ofhousing properties 10,975 10,975
Administrative
expenditure		 on social housing lettings 137,423 157,246
Operating
surplus
on social		 housing
lettings		 2,520 (13,705)
Void losses 9,754 1,780
All turnover
and expenditure		 is in respect ofhousing for older people.
TANGIBLE FIXEDASSETS
Freehold
Housing
Property
Cost
At 1 January 2021 and 31 December 2021 829,160
Depreciation
At 1 January 2021 54,875
Charge for year 10,975
At 31 December 2021 65,850
Net book value
At 31 December 2021 763,310
At 31 December 2020 774,285

INVESTMENTS
Cost Market
Value
Endowment
fund
Balance brought
forward		 298,526 566,463
Additions
in year		 0 0
Disposals
in year		 0 0
Accumulated
income		 7,920 7,920
Change
in market value		 0 65,034
Balance carried forward 306,446 639,417
Cash on deposit at brokers 27 27
Total endowment
funds		 306,473 639,444
Extraordinary
repairs fund
Balance brought
forward		 126,926 129,171
Additions
in year		 21,600 21,600
Disposals in year 0 0
Accumulated
income		 4,647 4,647
Change
in market value		 0 13680
Balance carried forward 153,173 169,098
At 31 December 2021 459,646 808,542
At 31 December 2020 425,479 695,661
DUE WITHI N ONE YEAR
2021 2020
Contribution arrears 2,501 5,593
Prepayments 6 048 5,124
8,549 10,717
7. CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
2G21 2020
Contributions paid in advance 5,701 4,973
Accrued expenses 3,836 3,676
Deferred income 2,598 2,598
12,135 11,247

DUE AF TER MORE THAN ONE YEAR
2021 2020
Deferred income 165,027 167,625
165,027 167,625

RESTRICTED FUNDS
2021 2020
ENDOR'MEI3I'T RESERVE
Brought forward 573,377 572,763
Net transfers
from income and expenditure		 reserve 7,920 9,642
Movement
in fair value		 65,034 ~9,028
Carried forward 646,331 573,377
RESTRICTED RESERVE
Brought forward 129,171 122,511
Net transfers
from income and expenditure		 reserve 26,247 20,325
Movement
in fair value		 13,680 ~13,665
Carried forward 169,098 129,171

CASH FLOW FROM OPERA T ING A CTIV ITIES
2021 2020
Surplus
/ (deficit) for the year		 101,912 (13,825)
Amortised
housing
grant		 (2,598) (2,598)
Depreciation oftangible fixed assets 10,975 10,975
(Decrease) / Increase in creditors 888 989
Decrease
/ (Increase) in debtors		 2,168 788
Dividends
receivable		 (20,678) (22,573)
Movement
in fair value offixed		 asset investments (78,714) 22,693
At 31December 2021 13,953 ~3,551)
FINANCIAL INSTRUMENTS
2021 2020
The carrying
amounts ofthe charity's
financial		 instruments are as follows:
Financial assets
Measured
at fair value through		 the statement ofcomprehensive income:
—Fixed asset listed investments (note 5) 808,542 695,661
Debt instruments
measured
at amortised		 cost:
- Other debtors (note 6) 2,501 5,593
Financial liabilities
Measured
at amortised
cost:
- Other creditors (note 7) 9,537 8,649
The income, expenses, net gains and net losses attributable to the charity's financial instruments
are as follows:
Income and expense
Financial
assets measured
at fair value through		 the
statement ofcomprehensive
income:		 17,793 18,440
Net gains and losses (including changes infair value)
Financial
assets measured
at fair value through		 the
statement
ofcomprehensive
income:		 78,714 ~22,693

PERATING COST S
2021 2020
Management
costs
Property
insurance		 3,200 3,182
Subscriptions 309 295
Fee for right ofway 150 150
Management
charges		 24,000 24,000
Auditors'
remuneration		 1,848 1,812
Auditors'
remuneration		 —non audit work 1,242 1,218
Legal and professional fees 2,885 4,133
Bank charges 36
33,634 34,826
Service costs
Water rates 6,626 6,644
Council tax on empty properties
Light k heat on empty properties		 1,695
279		 497
470
Sundry expenses 1,705 987
Lighting ofcommon areas 1,099 1,306
Warden's
light and heat		 1,525 1,407
Warden's
telephone		 1,547 1,312
Warden's
council tax		 1,296 1,233
Warden's
water rates		 114
Warden's
Christmas		 box gift 500 750
Warden call system 1,544 1,522
Cleaning 4,100 6,625
Garden maintenance 3,760 3,123
25,790 25,876
Day to day repairs and maintenance
Repairs and servicing to boilers 2,028 2,055
Gas safety check and servicing 3,264
Plumbing
repairs		 4,939 3,934
Warden call maintenance 3,606 3,532
Redecoration
and refurbishment		 offlats 39,137 67,057
Fire extinguisher
servicing		 and replacements 428 843
Electrical repairs 9/12 3,861
General repairs 4,410 3,887
67,024 85,169